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For business owners

Are you thinking of selling your company?

A complete guide to selling a company in Spain: valuation, process, tax implications and options by sector and region. Blue Mountain is a direct buyer — no intermediaries, no fees.

Selling a company is a decision, not an event

Thousands of Spanish middle-market companies change hands every year, yet most owners only go through the process once in their lifetime. The information asymmetry between buyer and seller is enormous: while professional buyers have participated in dozens of transactions, the owner is navigating the process for the first time.

This page brings together all the knowledge we have accumulated across more than 200 transactions: from how a company is valued to the taxes involved, the most common mistakes, and the special situations that complicate the process.

Blue Mountain Capital is a Spanish family office that buys companies directly, with no private equity fund behind it and no divestment deadline. When we acquire a company, we do so to keep it and grow it for the long term.

Guides by topic

Everything you need to know

Select the topic that interests you most to access related articles.

How much is my company worth?

Valuation methods, sector multiples and the most common errors that over- or underestimate the price.

How the process works

From the decision to sell to closing: every stage, key documents and what can go wrong.

Tax implications

Capital gains tax, available reliefs and how early tax planning can make a significant difference.

Special situations

Divorce, shareholder conflict, founder burnout, inheritance or company without a successor — each situation has a solution.

By sector

Valuations, active buyers and sector-specific considerations for each industry in Spain.

By region

The M&A market has its nuances depending on the region. We know the business landscape across all of Spain.

The buyer

Blue Mountain as a direct buyer

Blue Mountain Capital is a family office with over fifteen years of activity in the Spanish business landscape. We are not a private equity fund with a fixed divestment timeline: we buy companies to keep them, get operationally involved, and grow the business alongside the existing team.

We invest in companies with revenues between €2m and €30m, positive EBITDA and a capable management team. The sector matters less than the strength of the business model. We have acquired companies across technology, industry, distribution, services and construction, among other sectors.

We operate with own capital, which means we can move quickly and with certainty: we do not need investment committee approvals or external financing to close a deal.

Learn about our investment thesis

200+

Completed transactions

15+

Years active in Spain

80+

Companies in active portfolio

100%

Own capital, no external funds

The process

From first contact to closing

01

First conversation

A confidential, no-commitment call to understand your business, your goals and whether it makes sense to explore a transaction together.

What the first meeting looks like
02

Preliminary valuation

We review your basic financial information and provide an indicative valuation range based on real Spanish market multiples.

How we value your company
03

Due diligence

An in-depth review of legal, financial, tax and operational aspects. This process protects both parties and accelerates closing.

What due diligence involves
04

Negotiation and SPA

We negotiate price, deal structure and the terms of the share purchase agreement (SPA) with the support of our legal advisors.

How we structure an acquisition
05

Closing and transition

Notarial signing, fund transfer and an agreed transition period to ensure business continuity.

Life after selling your business

Frequently asked questions about selling a company

How long does it take to sell a company in Spain?
The full process typically takes 6 to 18 months depending on size, sector and deal complexity. Preparation and buyer selection usually takes 2 to 4 months, while due diligence and contract negotiation may add another 3 to 6 months.
How much is my company worth?
Value is primarily determined by EBITDA and sector multiples. In the Spanish middle market, multiples range from 4x to 8x EBITDA for companies with revenues between €2m and €30m. Revenue recurrence, founder dependency and historical growth significantly affect valuation.
What taxes are paid when selling a company?
The sale of shares is taxed as a capital gain under Personal Income Tax at rates of 19% to 28%, or at 25% under Corporate Tax if the seller is a company. Significant reliefs exist for family transfers and retirement cases. Prior tax planning can result in considerable savings.
Can I sell only part of my company?
Yes. Blue Mountain can acquire partial stakes (minority or majority) when the owner wants partial liquidity while retaining part of the business, or when seeking a capital partner to grow. Staged sales structured over time are also possible.
How do I know if Blue Mountain is interested in my company?
We invest in Spanish companies with revenues of €2m to €30m, positive EBITDA, more than 5 years of history and a solid management team. The sector matters less than business strength. The best first step is a confidential, no-commitment conversation.

At your disposal

If you wish to explore a potential collaboration or present an investment opportunity, we invite you to contact us. We guarantee absolute confidentiality in all our conversations.